DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Driven by HH Sheikh ...

SHARJAH / WAM The Project Finance Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) approved the financing of two projects with AED375,000 after ensuring that they complied with the conditions and standards of Ruwad. The approvals were given during a meeting chaired by Hamad Ali Abdullah Al Mahmoud, Director of Ruwad and Chairman of the Project Finance Committee, ...

SHARJAH / WAM Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region. The agreement, inked by Saud Salim Al Mazrouei,  Director of SAIF Zone, and Krishna Kaladharan, Managing Director of Herald Holdings, marks ...

AL DHAFRA / WAM The 19th edition of the Liwa Date Festival kicks off today in Liwa, Al Dhafra Region, under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. Major General Faris Khalaf Al Mazrouei, Commander-in-Chief of the Abu Dhabi Police (ADP) and Chairman of the ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Sunday announced the successful execution of the Dreams experiment by astronaut Sultan AlNeyadi on the International Space Station (ISS). The experiment, a pivotal achievement in sleep science and space research, was conducted in collaboration with the European Space Agency (ESA), French space agency CNES, and Toulouse University Hospital. The ...

DUBAI / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, witnessed the third meeting of signatories to the Raptors MoU (memorandum of understanding) for the conservation of migratory birds of prey in Africa and Eurasia. The meeting took place at the Sheraton Mall of the Emirates Hotel in Dubai. Under the theme “Working Together for the Conservation ...

BLOOMBERG  New Philippine central bank Governor Eli Remolona signalled that further monetary policy tightening is still on the table for the Southeast Asian country, and said it’s “premature” to talk about cutting the key rate. The Bangko Sentral ng Pilipinas remains on the “tightening side” as it monitors upside risks to inflation, including El Nino and wage hikes, Remolona said ...

BLOOMBERG  Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year. While officials were encouraged by a step-down in price pressures last month, they’re not inclined to pronounce an end to their battle to rein in inflation that has repeatedly surprised them with its persistence. Contributing to ...

BLOOMBERG  Traders who drove the pound to its best week of the year have a lot riding on the next inflation report, where even a faster-than-expected rate could work against them. Pricing in the options market suggests investors are already revving up to sell, concerned that something in the economy will eventually break under the weight of ever-higher rates. Positioning ...

BLOOMBERG  Elon Musk, who has hinted for months that he wants to build an alternative to the popular ChatGPT artificial intelligence (AI) chatbot, announced the formation of what he’s calling xAI, a company with a mission to “understand the true nature of the universe.” xAI said its team will be led by Musk and staffed by executives who have worked ...